Updated Dec 20, 2023
Marcus & Millichap Sells 220-unit Multifamily Property In Arlington For An Undisclosed Price
3601 Fielders Glen Drive, Arlington, TX, USA
Building Size
167,633 SF
Asset Type
MultiFamily
Closing
Mar 3, 2021
About this deal
AI
On March 4, 2021, a multifamily property located at 3601 Fielders Glen Drive in Arlington was sold. The property consists of 220 units and spans across 10 acres. The transaction was facilitated by broker Al Silva from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3601 Fielders Glen Drive
- Market: Arlington
- Units: 220
- Acres: 10
Al Silva from Marcus & Millichap played a crucial role as the broker in this transaction.
Traded’s record for 3601 Fielders Glen Drive, Arlington, TX, USA in Arlington, Texas covers a multifamily sale from 2021. Reported inventory is 167,633 square feet across 220 units, or about 0 per square foot. Al Silva, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Arlington, Texas file for the 3601 Fielders Glen Drive, Arlington, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Arlington sit in the Market section below. Filter that Arlington multifamily set by closing date to see what else sold near 3601 Fielders Glen Drive, Arlington, TX, USA around 2021. Cite this Marcus & Millichap Sells 220-unit Multifamily Property In Arlington For An Undisclosed Price sale when underwriting similar multifamily product around Arlington, Texas.
Players
Arlington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93